REGISTERED NUMBER: 02001647 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31st March 2025

for

Sharnford Tractors Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

J W Ismay

G W Hyman

SECRETARY:

J W Ismay

REGISTERED OFFICE:

Lodge Farm

Broughton Road

Frolesworth

Lutterworth

Leicestershire

LE17 5EH

REGISTERED NUMBER:

02001647 (England and Wales)

ACCOUNTANTS:

Barker & Co

Chartered Accountants

Watling Offices

Smockington Lane

Wolvey

Hinckley

Leicestershire

LE10 3AY

FIXED ASSETS

Tangible assets

4

126,638

90,652

CURRENT ASSETS

Stocks

1,989,557

2,587,692

Debtors

5

1,363,352

1,352,256

Cash at bank

1,057,807

829,562

4,410,716

4,769,510

CREDITORS

Amounts falling due within one year

6

1,206,573

1,672,370

NET CURRENT ASSETS

3,204,143

3,097,140

TOTAL ASSETS LESS CURRENT LIABILITIES

3,330,781

3,187,792

PROVISIONS FOR LIABILITIES

31,000

22,000

NET ASSETS

3,299,781

3,165,792

CAPITAL AND RESERVES

Called up share capital

7

50

50

Capital redemption reserve

25

25

Retained earnings

3,299,706

3,165,717

SHAREHOLDERS' FUNDS

3,299,781

3,165,792

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 15th December 2025 and were signed on its behalf by:

J W Ismay - Director

G W Hyman - Director

1.	STATUTORY INFORMATION

Sharnford Tractors Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover represents net invoiced sales of goods and services.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 18 (2024 - 18 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Motor

machinery

vehicles

Totals

£

£

£

COST

At 1st April 2024

90,656

213,412

304,068

Additions

24,958

31,380

56,338

Disposals

(2,699

)

-

(2,699

)

At 31st March 2025

112,915

244,792

357,707

DEPRECIATION

At 1st April 2024

40,918

172,498

213,416

Charge for year

8,573

10,881

19,454

Eliminated on disposal

(1,801

)

-

(1,801

)

At 31st March 2025

47,690

183,379

231,069

NET BOOK VALUE

At 31st March 2025

65,225

61,413

126,638

At 31st March 2024

49,738

40,914

90,652

5.

DEBTORS

2025

2024

£

£

Amounts falling due within one year:

Trade debtors

968,458

957,414

Prepayments

38,384

48,911

Sharnford Horticultural Limited

175,214

144,718

1,182,056

1,151,043

Amounts falling due after more than one year:

Sharnford Horticultural Limited

181,296

201,213

Aggregate amounts

1,363,352

1,352,256

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

546,097

997,162

Corporation tax

45,750

114,020

Social security and other taxes

164,209

167,732

Directors' current accounts

154,738

144,642

Accrued expenses

295,779

248,814

1,206,573

1,672,370

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

50

Ordinary shares

£1

50

50

8.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following transactions with directors subsisted during the year:

G W Hyman

£

Private expenses

5,646

Directors loan drawn

9,000

J W Ismay

Private expenses

5,257

No interest was payable by the company on the directors loan accounts.